Data as of Oct 28, 2026.
SCHD vs SPYI: Differences, Returns & Fees
Over the year to Oct 28, 2026, SCHD returned +34.5% to SPYI's +13.6%, and SCHD charges 0.06% to SPYI's 0.68%.
askIQ about this page
askIQ about SCHD and SPYI
Net assets: $112.3bn on Aug 31, 2026 for Schwab U.S. Dividend Equity ETF, and $12.7bn on Oct 27, 2026 for NEOS S&P 500 High Income ETF.
Pair scorecard
SCHD costs 0.62 points a year less; their one-year returns differ by 20.9 points.
| Measure | SCHD | SPYI |
|---|---|---|
| Return | ||
| Total return, 1 year | +34.5% | +13.6% |
| Price change, 1 year | rose 30.0% | rose 0.8% |
| Latest payout, annualized | 11.4% | |
| Return of capital, issuer estimate | 99% of the Oct 23, 2026 payment | |
| Benchmark | ||
| What it tracks | Dow Jones U.S. Dividend 100 Index | Benchmark: S&P 500, measured through SPY |
| Cost and size | ||
| Expense ratio | 0.06% | 0.68% |
| Net assets, SCHD as of Aug 31, 2026 and SPYI as of Oct 27, 2026 | $112.3bn | $12.7bn |
| Holdings | ||
| Holdings in common | 8% | |
| In the S&P 500, by weight | 95% | |
| Top ten holdings, share of the fund | 41.7% | |
Holdings in common uses holdings dated Aug 31, 2026 and Oct 28, 2026. Method
Risk and return
Sep 9, 2022 to Oct 23, 2026 · 215 weekly returnsSPYI returned more: +74.4% to +66.3%. SPYI swung less: 11.8% to 13.6%. SCHD fell less at its worst: −12.8% to −14.8%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | SCHD | SPYI | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +66.3% | +74.4% | SPYI | Price change plus distributions, reinvested. |
| Annualized | +13.1% | +14.4% | SPYI (slight) | Total return as a yearly rate. |
| Price return | +42.5% | +5.4% | SCHD | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 13.6% | 11.8% | SPYI | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 9.4% | 8.1% | SPYI | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −12.8% | −14.8% | SCHD | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.64 | 0.81 | SPYI | Return above Treasury bills per unit of volatility. |
| Sortino | 0.93 | 1.19 | SPYI | Return above Treasury bills per unit of downside deviation. |
| Calmar | 1.02 | 0.97 | SCHD (slight) | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 215 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, SCHD and SPYI hold 8% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 28, 2026.
half
8% in common
Only in one fund ↓
Side by side
SCHD and SPYI on the fields both publish, as of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price.
SCHD and SPYI do different jobs. What does each one do in a portfolio?
- What each follows. SCHD follows Dow Jones U.S. Dividend 100 Index and SPYI is measured against S&P 500 through SPY.
- Holdings in common. 8% of the weight is in the same securities (holdings dated Aug 31, 2026 and Oct 28, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 SCHD returned +34.5% and SPYI +13.6% with distributions reinvested, a gap of 20.9 points.
Data as of Oct 28, 2026.
Free. It needs an email sign-in, once.
SCHD
SCHD tracks an index of US dividend. Over the year to Oct 28, 2026 it returned +34.5% with distributions reinvested. The prospectus expense ratio is 0.06% a year. By its holdings filed for Aug 31, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 99 positions, with the top ten at 41.7%.
SPYI
Over the year to Oct 28, 2026, SPYI paid 11.9% of its starting value in cash distributions while its price rose 0.8%. With every distribution reinvested, the fund returned +13.6%. S&P 500 (SPY) returned +13.6% over the same days, so a holder was about even. At its price on Oct 28, 2026 the latest distribution annualizes to 11.4%, paid monthly. NEOS estimates that 99% of the distribution paid Oct 23, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
Questions people ask
- Are SCHD and SPYI in the same category?
- SCHD is a stock ETF and SPYI is an option-income ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, SCHD or SPYI?
- In the year to Oct 28, 2026, with distributions reinvested, SCHD returned +34.5% and SPYI +13.6%.
- Which is cheaper, SCHD or SPYI?
- SCHD is cheaper, by 0.62 percentage points a year. That is about $62 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Cite this pageCitation, APA and Markdown
ETFIQ, SCHD against SPYI, data as of Oct 28, 2026. https://etfiq.com/compare/any/schd-vs-spyi
ETFIQ. (Oct 28, 2026). SCHD against SPYI. Retrieved from https://etfiq.com/compare/any/schd-vs-spyi
[SCHD against SPYI (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/schd-vs-spyi)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.